Overall Private sector credit (PSCE) fell by N$815.2 million or 0.73% m/m in May, bringing the cumulative credit outstanding to N$110.8 billion on a normalised basis (removing the interbank swaps the Bank of Namibia (BoN) accounts for in non-resident private sector claims). Annual PSCE growth slowed to 1.53% in May… Continue reading
A total of 164 building plans was approved by the City of Windhoek in May, representing a 25.2% m/m increase from the 131 building plans approved in April. The approvals were valued at N$121.0 million, a 30.4% m/m drop from the N$173.4 million approved in April. Year-to-date, 725 building plans… Continue reading
982 New vehicles were sold in May, down 2.2% m/m from the 1,004 vehicles sold in April, but 27.7% more than in May 2022. Year-to-date 5,120 new vehicles have been sold, of which 2,579 were passenger vehicles, 2,245 light commercial vehicles, and 296 medium- and heavy commercial vehicles. In comparison,… Continue reading